Advance ruling in one assessee’s case cannot be overruled by a subsequent advance ruling in another assessee’s case

HIGH COURT OF BOMBAY Director of Income-tax (IT)-II, Mumbai Versus Prudential Assurance Co. Ltd. IT Appeal (L) No. 1193 of 2012 January 10, 2013 ORDER 1. This appeal filed by the Revenue under Section 260A of the Income Tax Act, 1961 (‘the Act’) challenges the order dated 26th March 2012 of the Income Tax Appellate Tribunal (‘Tribunal’ for short) relating to assessment year 2003-2004. 2. The appellant has raised the following questions of law for consideration of this Court. “(a)  Whether on the facts and circumstances of the case and in law, the...